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a photo provided by the u.s. navy shows one home completely just floating by itself in the pacific ocean. >> and now here's an early look at how wall street will kick off the day. the dow opens at 11,855 after tumbling 137 points yesterday. the s&p dropped 14 points. the nasdaq fell 33. taking a look at overseas trading this morning, in tokyo, the nikkei surged 488 points while in hong kong, the hang seng gained 22. >>> the prospect of a nuclear meltdown in japan crippling the world's third largest economy reeked havoc on markets earlier this week. but there are signs this morning from tokyo things may be calming, at least for now. the nikkei closed more than 5.5% higher today, recovering some of the massive losses sustained over the last two days. tuesday, the dow jones fell almost 300 points right at the opening bell. things looked so grim before trading even began, the new york stock exchange invoked a special rule to smooth volatility. intel and cisco dependent on japanese factories for products and parts had
a photo provided by the u.s. navy shows one home completely just floating by itself in the pacific ocean. >> and now here's an early look at how wall street will kick off the day. the dow opens at 11,855 after tumbling 137 points yesterday. the s&p dropped 14 points. the nasdaq fell 33. taking a look at overseas trading this morning, in tokyo, the nikkei surged 488 points while in hong kong, the hang seng gained 22. >>> the prospect of a nuclear meltdown in japan crippling...
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Mar 16, 2011
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u.s. military operations in the pacific region. then former reserve charm alan greenspan discusses the economy. later, federal officials discuss plans to build high speed rail. >> a house subcommittee today looked at u.s. military capability in the pacific region. among the topics, china's rapid modernization and the moving the u.s. marine corp. facilities and operations from the japanese island to guam. witnesses including officials from the pentagon, u.s. officials, and the navy. this is just over an hour and a half. >> good afternoon, and we're calling this meeting of the readiness subcommittee to order. several of my members will be coming in in a few minutes, so just to let the witnesses know, they are in other meetings right now in subcommittees that are overlapping, and also, we expect to have a vote probably at about 2:30, so we may break briefly and go to that vote. we want to welcome our witnesses here. we think this is going to be a crucial hearing for us on our readiness in the
u.s. military operations in the pacific region. then former reserve charm alan greenspan discusses the economy. later, federal officials discuss plans to build high speed rail. >> a house subcommittee today looked at u.s. military capability in the pacific region. among the topics, china's rapid modernization and the moving the u.s. marine corp. facilities and operations from the japanese island to guam. witnesses including officials from the pentagon, u.s. officials, and the navy. this...
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Mar 16, 2011
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u.s. tensions and other holdings are probably three% held in asian equities. question now falling fairly rapidly, can you describe if you see a systemic risk in the fall of these inequities? >> i would focus more on the basic humanitarian reconstruction challenge and containing the risk and prepare -- repairing the damage caused by the catastrophe there. it is something that japan with assistance from the world committee can achieve. it is important to recognize that we come into this challenge in the world economy in a much stronger position that we have been. you see much more confidence, i think testified here and around the world, and the resilience in the process of expansion we see under way. we want to sustain that. and they should be our focus and attention. >> i am concerned because we see toshiba and toyota stopping production. illus like we have a systemic shortage of power in japan that will cripple large publicly traded companies in being able to maintain production. >> again,
u.s. tensions and other holdings are probably three% held in asian equities. question now falling fairly rapidly, can you describe if you see a systemic risk in the fall of these inequities? >> i would focus more on the basic humanitarian reconstruction challenge and containing the risk and prepare -- repairing the damage caused by the catastrophe there. it is something that japan with assistance from the world committee can achieve. it is important to recognize that we come into this...
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burgess said u.s. led coalition has been killing taliban militants by the hundreds he said, but there have been no apparent delegate rad agency in their capacity to fight. would you respond to general clap errand general burgess's statements? >> first of all, with respect, i have tried to avoid what might be labeled optimism or pessimism and have tried to provide realism. and i think that the opening statement speaks for itself in terms of expressing what we believe is reality on the ground, with a very significant note of the challenges that lie ahead. there is no question that governmental capacity is an area of in a sse strategic risk as we identify it. in the slides we provided along with the statement, you will see the so-called cloud slides, and i think there's a double thunder bolt coming out of that particular cloud. the reason is that indeed it is very difficult to transition tasks that are currently performed by international organizations or isaf provincial reconstruction teams to afghan ins
burgess said u.s. led coalition has been killing taliban militants by the hundreds he said, but there have been no apparent delegate rad agency in their capacity to fight. would you respond to general clap errand general burgess's statements? >> first of all, with respect, i have tried to avoid what might be labeled optimism or pessimism and have tried to provide realism. and i think that the opening statement speaks for itself in terms of expressing what we believe is reality on the...
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what would be the impact on u.s. banks to hold mortgage securities relative to their competitors abroad? and with our banks have to hold comparatively more capital? >> under the framework we have supported, there would be a level playing field across global markets and institutions. the objective is to make sure that banks in the united states are required to have the same level against risk as banks in the united kingdom or in canada or germany. you want there to be a level playing field across the institutions. that is a challenge to achieve in practice but it is important to try to do that. >> there have been calls for a down payment requirement of as much as 20%. some examples renown. middle-class families in the u.s. i do not think are able to satisfy that hide down payment requirement. median single hand -- single- family homes cost an average $170,000 in 2009. median household income was approximately $55,000. if the family earned that median income, it would take them a great deal of time to save $34,000 to p
what would be the impact on u.s. banks to hold mortgage securities relative to their competitors abroad? and with our banks have to hold comparatively more capital? >> under the framework we have supported, there would be a level playing field across global markets and institutions. the objective is to make sure that banks in the united states are required to have the same level against risk as banks in the united kingdom or in canada or germany. you want there to be a level playing field...
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the u.s. also delivering relief supplies to japan, a u.s. cargo plane, air force plane, left pearl harbor in honolulu headed to japan with four generators and 25 u.s. air force support personnel. the plane will land to help with disaster relief and building efforts. i do want to make a clarification. we said iodine a short time ago. iodine is poisonous. iodide is something you can take, not that we're necessarily recommending it, that you can take to fight radiation sickness. >> the shape of the san francisco bay area could protect most of the surrounding area from a tsunami. scientists say the narrow opening of a channel creates the bottle neck that would reduce the amount of inland flooding the south bay and much of the peninsula would be spared from the type of surge that devastated japan. but alameda and the port of oakland would face the brunt of damage, they lie in the direct path of a tsunami. you can learn more about the disasters in japan at a forum at uc-berkeley. experts will hold a panel discussion to talk about the impact of the
the u.s. also delivering relief supplies to japan, a u.s. cargo plane, air force plane, left pearl harbor in honolulu headed to japan with four generators and 25 u.s. air force support personnel. the plane will land to help with disaster relief and building efforts. i do want to make a clarification. we said iodine a short time ago. iodine is poisonous. iodide is something you can take, not that we're necessarily recommending it, that you can take to fight radiation sickness. >> the shape...
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military and the u.s. government across-the-board in response to this crisis has helped to strengthen the bonds that we have between our -- between our two countries and help make a case, i think, for the logic of why we have a forward-deployed presence in the asian pacific region including the basin footprint that we have in japan. >> i understand that part, mr. secretary. i guess my question is more in line of what role does japan play, if any, in our readiness posture in the pacific? and how is it now going to be affected by what has happened? >> japan is the cornerstone of our approach to the security issues in the asian pacific region and there's a reason why -- why we term it that way and it's not just rhetoric. japan is an incredibly important ally. the questions they bring to the alliance including our basin footprint in japan is absolutely critical to our enduring presence in the asian pacific region. i have absolutely no reason to believe that anything that has transpired in the past few days fol
military and the u.s. government across-the-board in response to this crisis has helped to strengthen the bonds that we have between our -- between our two countries and help make a case, i think, for the logic of why we have a forward-deployed presence in the asian pacific region including the basin footprint that we have in japan. >> i understand that part, mr. secretary. i guess my question is more in line of what role does japan play, if any, in our readiness posture in the pacific?...
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coming up the high tech tools from the u.s. military and how they are helping in japan. >> despite the wind and the rain the northbound, 101 smooth but i've got my eyes on a huge problem for the east bay commute. the what and the where coming up. >> a live look outside the golden gate bridge. it's picking up. we've seen it this morning. be careful as you head out the door.he ♪ [ male announcer ] when sean was looking at mba programs, he wanted a curriculum designed to meet market needs, with faculty who brought real-world perspective on where the business world was headed and the practical experience to help him make an impact. my name is sean blankenship, i'm making the electric car more accessible, and i am a phoenix. [ male announcer ] learn more about the school of business at phoenix.edu. >>> good wednesday morning to you. taking a live look outside, bay bridge approach this morning. want to check the commute with mike. >> there you are. show it to you again. we'll see the big backup out of the altamont pass. 22-minute d
coming up the high tech tools from the u.s. military and how they are helping in japan. >> despite the wind and the rain the northbound, 101 smooth but i've got my eyes on a huge problem for the east bay commute. the what and the where coming up. >> a live look outside the golden gate bridge. it's picking up. we've seen it this morning. be careful as you head out the door.he ♪ [ male announcer ] when sean was looking at mba programs, he wanted a curriculum designed to meet market...
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Mar 16, 2011
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. >> u.s. military is blocking san bruno's youtube as well as other data intensive websites. >> it's amazing to think there is a soldier watching youtube in the mountains of afghanistan but they can do that or could. the military has temporarily cut off access to youtube so it can free up band width on its network for earthquake relief. other sites banned, pan dor ra music and amazon. amazon is huge for the armed forces. they deliver just about anywhere. it doesn't have to ban net flixs. reportedly in talks to buy its own tv series, house of cards, show that via a stream. instead of watching house of cards on bravo or showtime you would watch it on netflix. it's not a done deal but a first for the company. here is something else unusual about netflix. you see those up arrows. shares in the company took off tuesday after the stock had a $300 price target from goldman sachs. on the day the rest of the market cratered, it was up almost 200% higher over the last year. >> thanks, scott. >> 5:25 now.
. >> u.s. military is blocking san bruno's youtube as well as other data intensive websites. >> it's amazing to think there is a soldier watching youtube in the mountains of afghanistan but they can do that or could. the military has temporarily cut off access to youtube so it can free up band width on its network for earthquake relief. other sites banned, pan dor ra music and amazon. amazon is huge for the armed forces. they deliver just about anywhere. it doesn't have to ban net...